In an effort to develop trade, Britain modifies their Navigation Acts by repealing many of their duties. This provides equal commercial rights to all nations that reciprocate these concessions.
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Citation: Editors, Litencyc. "Further British duties are repealed to modify Navigation Acts". The Literary Encyclopedia. First published 30 December 2011 [https://www.litencyc.com/php/stopics.php?rec=true&UID=17843, accessed 26 April 2024.]